Changes possible for foreign B-D rule
Securities regulators are weighing proposed changes to a rule that governs foreign broker-dealers who offer their services in the United States.
Securities regulators are weighing proposed changes to a rule that governs foreign broker-dealers who offer their services in the United States. Among other things, modifications would be made to the requirement that any contact by a foreign broker-dealer with a U.S. institution must be “chaperoned” by a U.S. broker. Comments were due in September. For additional details, visit sec.gov/rules/proposed/2008/34-58047.pdf.
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